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blue-check Guiding the import and export activities to FDI enterprise

Circular No. 04/2007/TT-BTM dated April 4, 2007 of the Ministry of Trade guiding the import, export, processing and liquidation of imported goods and consumption of products of foreign-invested enterprises provided for in the Government’s Decree No. 108/2006/ND-CPstatus1 dated September 22, 2006, which details and guides the implementation of a number of Articles of the Investment Law
Posted: 5/3/2012 12:42:00 PM | Latest updated: 6/4/2022 5:06:11 PM (GMT+7) | LuatVietnam: 1734

This Circular does not govern goods purchase and sale activities and related activities of foreign-invested enterprises provided for in the Commercial Law.

Foreign-invested enterprises may conduct direct or entrusted import or export of the above products or goods for investment in compatibility with the investment projects’ objectives stated in their investment licenses or certificates.

Procedures for goods imported or temporarily imported, exported or temporarily exported under the Trade Ministry’s permits, and those subject to specialized management shall be carried out in accordance with Government Decree No. 12/2006/ND-CPstatus1 of January 23, 2006.

Foreign-invested enterprises may temporarily import for executing investment projects in Vietnam machines, equipment, means of transport or molds for performance of processing contracts or in service of production activities by leasing or borrowing them; goods for display at trade fairs, exhibitions or show-rooms or for research or use as samples for teaching or training; and products which have been exported for warranty, repair or replacement.

They may temporarily export for re-import for executing investment projects in Vietnam machines, equipment, means of transport, tools, molds or materials in service of their production and business activities abroad, for performance of processing contracts, or for warranty, repair or replacement; or goods for display at trade fairs or exhibitions.

If satisfying the conditions specified in this Circular, they may also conduct on-spot export of their goods produced in Vietnam or conduct on-spot import of machines, equipment, tools or supplies for formation of fixed assets or production materials.

Foreign-invested enterprises may liquidate imported goods by exporting, selling in the Vietnamese market, donating or destroying them.

Imported goods subject to liquidation include supplies or equipment redundant after completion of capital construction for formation of an enterprise; machines, equipment, means of transport, materials and other goods of an enterprise in operation; or assets of an enterprise after its dissolution or termination of operation.

This Circular annuls Circulars No. 23/1999/TT-BTMstatus1 of July 26, 1999; No. 22/2000/TT-BTMstatus1 of December 15, 2000; No. 26/2001/TT-BTM of December 4, 2001; and No. 01/2005/TT-BTMstatus1 of January 6, 2005.

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Information

Official Gazetta Số 276+277 ngày 21/04/2007 (Công Báo tiếng Anh số 02-04 tháng 04/2007, trang 9)
Effective Date 6-May-2007
ExpiredDate Unknown

Files attachment

enflag pdficon TT04_04042007BTM[E].pdf

Timeline

Import and export policies

blue-check Specialized goods imported from December 30th, 2022 shall be declared according to new HS codes
light-check Abrogation of the Circular on promulgation of List of imports under the management of the Ministry of Transport
light-check Simplification of procedures for import of used technological lines with regard to high-tech enterprises/projects
blue-check Implementation effect of 2022 List of imports and exports shall be suspended until December 30th, 2022
blue-check Strategy for merchandise exports and imports by 2030
blue-check It is not allowable to import new-generation cigarettes at this time
blue-check Regarding export right of FDI enterprises
blue-check Regarding duty exemption with regard to materials imported from bonded warehouses for export production
blue-check It is not yet allowable to import electronic cigarettes into Vietnam
blue-check It is allowable to import completed products to affix them to exported products
blue-check Regarding wrong declaration of tax rate in relation to the RCEP Agreement
blue-check Regarding destruction of goods being stagnant scraps
blue-check Procedures for auctions of import tariff quota on sugar
blue-check Import of goods inconsistent with the license shall be subject to a fine ranging from VND 2,000,000 to VND 50,000,000
blue-check Vietnam’s 2022 Nomenclature of exports and imports
blue-check It is required to declare import origin upon exporting goods on the CITES List
blue-check It is not require to apply for the license to temporarily import exported products for warranty
blue-check Customs authorities will strictly control origins of imported sorbitol products
blue-check Strategy for merchandise exports and imports by 2030
blue-check Regarding processing of goods for foreign traders